ANSWER THE FOLLOWING QUESTION THIS IS ONE PROBLEM.

- Find the following values using the equations and then a financial calculator. Compounding/discounting occurs annually. Do not round intermediate calculations. Round your answers to the nearest cent. a. An initial $700 compounded for 1 year at 6%. b. An initial $700 compounded for 2 years at 6%. c. The present value of $700 due in 1 year at a discount rate of 6%. d. The present value of $700 due in 2 years at a discount rate of 6%. - Find the following values. Compounding/discounting occurs annually. Do not round intermediate calculations. Round your answers to the nearest cent. a. An initial $800 compounded for 10 years at 9%. b. An initial $800 compounded for 10 years at 18%. c. The present value of $800 due in 10 years at 9%. d. The present value of $2,820 due in 10 years at 18% and 9%. Present value at 18%:$ Present value at 9%:$ e. Define present value. I. The present value is the value today of a sum of money to be received in the future and in general is less than the future value. II. The present value is the value today of a sum of money to be received in the future and in general is greater than the future value. III. The present value is the value today of a sum of money to be received in the future and in general is equal to the future value. IV. The present value is the value in the future of a sum of money to be received today and in general is less than the future value. V. The present value is the value in the future of a sum of money to be received today and in general is greater than the future value. - How are present values affected by interest rates? Sawyer Corporation's 2020 sales were $5 million. Its 2015 sales were $2.5 million. a. At what rate have sales been growing? Round your answer to two decimal places. % b. Suppose someone made this statement: "Sales doubled in 5 years. This represents a growth of 100% in 5 years; so dividing 100% by 5 , we find the growth rate to be 20% per year." Is the statement correct